Yum Brands shares higher after earnings beat

Fast-food chain operator Yum Brands Inc.
YUM, -0.35%
late Tuesday reported first-quarter earnings of 81 cents a share on revenue of $2.6 billion. That compares with earnings of 87 cents a share a year earlier on $2.7 billion in revenue. Analysts polled by FactSet expected Yum to report earnings of 72 cents on revenues of $2.65 billion. Shares were up 4.5% in after hours.

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